State Of The Market
The Coronavirus has put the nation into a sudden economic halt as more than 3 million Americans have filed a jobless claim in the last week. Many states are now issuing “Shelter In Place” and “Safer At Home” orders that require citizens to stay indoors unless they need to perform essential activities.
The Dow Jones has closed out the worst first quarter in history as it finished down 23% for the quarter. The S&P 500 recorded it’s worst quarter since the recession in 2008. In the last week, however, there have been positive signs as the Dow spiked 4000 points in just a week.
To support Americans in this challenging time, legislation has passed the $2 trillion stimulus package. This stimulus will provide relief to households throughout the country with stimulus checks sent to most Americans, expanded unemployment benefits, and suspended student payments.
Understanding The Current Market with Jordan Bradford
Comparing This Market To The Recession in 2008
The current economic situation is very different than the recession we experienced in 2008. Jordan Bradford, Financial Advisor with The Tranel Financial Group, explains the differences and what we may be able to expect moving forward.
An Update To Required Minimum Distribution (RMDs)
Congress recently passed the CARES Act and it’s impacted RMDs. Jordan Bradford, financial advisor at Tranel Financial, provides a quick overview of the changes in this short three-minute video.
The content in this post was approved while The Tranel Financial Group was affiliated with a previous firm. The views and opinions expressed are those of The Tranel Financial Group at the time of filming and do not necessarily reflect the views of Harbour Investments, Inc.. This material has not been reviewed or approved by Harbour Investments, Inc. and is not intended as a solicitation or recommendation. The data and analysis do not represent the expected future performance of any investment product or strategy. Investments involve risks, including possible loss of principal. The Tranel Group currently offers securities and advisory services through Harbour Investments, Inc. Member SIPC.
Note: This content is for informational purposes only and should not be considered financial or tax advice. Please consult with your financial or tax advisor for guidance tailored to your specific situation.